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Daily: Brent and U.S. crude oil decline due to Ukraine, Libya supply worries
Brent crude oil traded slightly over $110 a barrel on Tuesday amid supply disruption worries as Ukrainian forces confronted separatists in Donetsk for a second day and since oil output in Libya was cut to 160,000 barrels per day (bpd) as a result of chaos in the country.
read more... 28/05/2014
Norway: Statnett welcomes UK power connection rule suggestions
Suggested UK regulations on running power links to Europe have raised the chances of setting up the first power connection between Britain and Norway, according to the statement made on Monday by Norwegian power grid company Statnett.
read more... 27/05/2014
A conglomerate run by BP awards a contract of $375 million for Shah Deniz gas project
A conglomerate run by BP and the South Caucasus Pipeline Company has awarded a contract for pipeline construction estimated at $735 million to a consortium of companies to facilitate the expansion of the Shah Deniz II gas project in Azerbaijan which gives Europe a possibility to diminish dependence on Russian gas.
read more... 27/05/2014
Daily: European spot power prices increase on temperature changes, higher demand
Brent crude slipped to about $110 a barrel on Monday, declining from the two-and-a-half month high touched the previous week, curbed by presidential election in Ukraine which raised hopes of a political stability in the country.
read more... 27/05/2014
Number of fracking patents globally reached record high in 2013
The number of patents put in place for new shale extraction technology hit a record high in 2013 since oil and gas firms fought for managing intellectual property in the emergent industry, as shown in a research on Tuesday.
read more... 27/05/2014